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KPMG establishes strong foundation and triples revenue in 2015

KPMG establishes strong foundation

KPMG in Denmark generated total revenue of DKK 277 million from 1 January to 30 September 2015. On a 12 month basis, KPMG tripled revenue to more than DKK 300 million against DKK 101 million in the first year of operation 2013/2014.

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KPMG in Denmark generated total revenue of DKK 277 million from 1 January to 30 September 2015. On a 12 month basis, KPMG tripled revenue to more than DKK 300 million against DKK 101 million in the first year of operation 2013/2014.

“We accelerated growth in 2015, developed our business and strengthened cooperation with existing and new clients alike. Our clear quality and client focus combined with short decision paths make KPMG an attractive partner to our clients when they have to navigate in an environment of constant change,” said CEO and Senior Partner Thomas Hofman-Bang.

The positive commercial development continued at a faster pace than expected in KPMG’s second financial year, and total revenue from audit, assurance, tax advisory services, management consulting, risk consulting and deal advisory increased significantly to DKK 277 million (incl. DKK 72 million from KPMG Acor Tax) for 9 months against DKK 101 million for 13 months in financial year 2013/2014.

In 2015, KPMG established a strong foundation for continued progress with the election of a Board of Directors, which contributes to business development out of the two competency centers in Copenhagen and Aarhus and approves strategies and action plans. Additionally, KPMG moved into the company’s new permanent headquarters ‘KPMG Front’ at Dampfærgevej in Copenhagen’s old free port. The new headquarters form the perfect framework for KPMG’s continued growth and the 450 employees’ cooperation across Advisory, Audit and Tax.

“We challenge conventions in the market and make a strong point of working across teams and borders to let our clients gain as much as possible from the strong competencies in our global network. That creates value for clients, and we therefore expect to continue the positive development and growth in 2016,” said Thomas Hofman-Bang.

On the global scene, the KPMG network’s growth continued in the financial year ended 30 September with an 8.1% increase in revenue (local currency) and a particularly strong development within Advisory and Tax. KPMG International increased the number of partners and employees by 12,000 to 174,000 world-wide.

The transparency report for 2015 can be found here and KPMG International’s annual report can be found here. KPMG in Denmark has changed its financial year from 1 January – 31 December to 1 October – 30 September. The annual report for the Danish company for 1 January 2015 – 30 September 2015 will be published mid-January 2016.